Owner Financing is Available
Business Overview:
This is a beauty supply business located in a south Memphis neighborhood. The owner started this business six years ago when he leased the space of a former Super D drug store. The size of the building is 5,000 square feet. Owner states that he buys inventory from six wholesalers and his overall profit margin is 40%.
The store is open six days per week, Monday through Saturday from 9am to 7pm. The owner states that he is netting between $7,000 and $8,000 per month after his monthly expenses are paid and that he is selling because he is tired and ready to retire.
Average Monthly Expenses:
Rent: $1,500
Utilities: $400
Insurance: $180
Wages: $1,290
Alarm: $90
Telephone: $75
Total Purchase Price: $180,000 with a down payment of $90,000 and a note of $90,000 at 8% interest for 60 months payable at $1,837 per month.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.